Checking For Stimulus Checks In 2022: State Considering Inflation Counter

Stimulus Check
Stimulus Check

With any further federal stimulus checks on hold, for now, it is up to the states to come up with some form of support to help residents counter the inflationary pressure. People are collecting their pending stimulus checks from the federal government, but fresh ones are being issued by some states.

A total of around 87 million Americans are in line to benefit from the fresh round of stimulus checks. The amount of the checks is also expected to be smaller than the $1,400 third stimulus check under the American Rescue Plan Act of 2021 signed into law by President Biden.

The states are giving the 4th stimulus check to their residents to lessen the adverse effects of the downturn caused by the highest rate of inflation since the 80s. It has led to a surge in the prices of services and goods caused in part by the spike in international oil rates as Europe is in the grip of war.

The various States Are Sending Stimulus Checks To Different Groups

Inflation rose to 7.9% in February alone and led to a 4 decade high in consumer prices. 5 states have already ratified issuing of relief checks, including Georgia, Idaho, New Jersey, New Mexico, and Indiana.

Other forms of the stimulus check are under consideration in Hawaii, California, Maine, Minnesota, New York, and Kentucky. Idaho’s residents will get tax refunds that total up to $350M following the signing of a bill by Gov. Brad Little.

Residents of Georgia could get a relief check worth $250 for single filers and double that for married couples filing jointly. These will go out to residents who have filed their tax returns for 2021-22.

Indiana’s residents who have filed their 2021 returns will receive a one-off money back of $125. New Jersey residents will get refunds of $500 maximum, with around a million residents eligible for the amount. And New Mexico married couples who file jointly will get a $500 relief check.

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